Fiat Currency Explained: How it Works and What Gives it Value

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In this video, we discuss the concept of fiat currency, which is a currency that is not backed by tangible assets like gold or silver. We explain how fiat currencies work and how they are supported by the power of governments rather than by physical commodities.

We also discuss the characteristics that make fiat currency suitable as a medium of exchange, including durability, portability, divisibility, uniformity, and supply control. Additionally, we touch on the pros and cons of using fiat currencies and their potential volatility.

If you want to learn more about fiat currency, watch this video until the end. And if you enjoy our content, don't forget to like and subscribe to our channel for more informative videos on finance, crypto, and beyond.

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We don't provide any financial advice. All our content is for educational purposes only.